The Association of Iraqi Private Banks honored a number of financial and banking leaders as well as a group of economic journalists during a Ramadan evening held at Al Mahatta in central Baghdad.

"The current year witnessed the re-investment and reconstruction conference in Iraq, and the World Bank announced Iraq's need for nearly 80 billion dollars for its reconstruction, " said Wadih al-Hantal, head of the Association of Iraqi Private Banks .

He added that "the private sector needs a set of laws to increase its participation in the reconstruction process," explaining that "this evening comes to strengthen the concept of financial inclusion as well as honoring those who avenged the flower of their youth to develop the banking sector in Iraq, and offer them gratitude and thanks ."

The President of the Association of Private Banks referred to the community initiatives established by the Association, including the "Baghdad Baghdad" initiative to rehabilitate 20 squares in Baghdad, under the patronage of Dr. Naseer Shamma, pointing out that "the percentage of completion of the project in general reached 60 %."

"The banking sector has faced many challenges, but it has been able to overcome them by legislating the laws and regulations that regulate its knowledge, especially with regard to dealing with the judicial side .

Al-Hantal praised the efforts of young people who worked within the activities of the Financial Inclusion Week, describing their work as a "Beehive", expressing the Association's pride as having a practical partner, the Central Bank of Iraq .

For his part, said the Director General of the Administrative Department in the Central Bank, Saleh Mahoud, on the sidelines of the evening, which was attended by "Economy News", "The Association of Iraqi private banks of civil society organizations important in Iraq and the result of the activities and important activities carried out by .

Mahoud pointed out that "the central bank believes that the Association has a clear fingerprints over the past period, and believes that he has a strong business partner, the Association of Iraqi private banks, which bears the banner of private banks in Iraq ."

He added that "the central bank has a lot of initiatives, including the initiative (Tamkeen) and that banks participate monthly in support of the initiative fund, to finance cultural projects, environmental and humanitarian and others ."

Mahoud stressed that "in one of the meeting of the Central Bank, headed by his governor, Ali Alaq, two days ago, the latter said that the Association of Iraqi private banks, one of the important entities in Iraq, which is always working hard in its work .

On the other hand, the evening was attended by a number of symbols of the Iraqi economy, which were honored at the end of the evening, including Dr. Tariq al-Takmaji, former governor of the Central Bank, former Minister of Finance Thamir al-Shaikhli, and Izz al-Din al-Bahrani, former Central Bank governor, The former Governor, Adel Hassoun, Salman Idan, Muwaffaq Hassan, Abdul Baki Rida and Dr. Hajir Adnan, Dean of the Faculty of Business Economics at Al-Nahrain University .

The ceremony was also attended by a number of journalists and journalists. Qais al-Murshid, the presenter of the program "Dinar" in Al-Iraqiya TV channel, Abbas Aboud, editor of Al-Sabah newspaper, Hussein Thagb, head of the economy section of Al-Sabah newspaper SOURCE

Rasheed Bank decided on Thursday to cancel the sponsor's condition for the pensioners' pension. "The Board of Directors of the Bank decided today to grant the pensioners of MasterCard Cardholders Nakheel an advance of between (2-3) million without a sponsor and in agreement with the National Insurance Company," the bank said in a statement read by Al-Iktissad News. The statement added that "the bank will start issuing a MasterCard card Nakheel for retirees." Al-Rasheed Bank was launched in 2016, an advance of three million and a maximum of three million.

Russian oil company Rosneft said on Wednesday it had opened a new oil field in Iraq called Salman, which would contribute to the country's increased crude production."Bashanft International, a subsidiary of the Rosneft Group, opened a new oil field called Salman, based on the results of drilling the first exploratory well in Block 12 in Iraq," the Russian company said in a statement. It added that crude oil was discovered after digging a well with a depth of 4277 meters, which is an indication of the discovery of reserves of crude. The 12th oil exploratory area in Muthanna province in southwestern Iraq is part of an undisclosed part. Rosneft, Russia's largest oil company, did not disclose the size of the expected reserves for the new field, but said the disclosure was a milestone in the development of the company's international exploration and production projects. Rosneft is not the only Russian oil company to operate in Iraq, with Lukoil and Guobrom Oil also involved in oil projects in the energy-rich country.

Representatives of the Jordanian industrial sector on Wednesday called on the government of their country to speed up the follow-up of the Iraqi side regarding the activation of the decision to allow the entry of Jordanian trucks empty and loaded to the Iraqi side.

"The delay in the decision is still causing the industrial sector many losses as a result of the increase in the current transport costs and the resulting handling of the damage borne by the Jordanian industrial," the Jordanian government daily Al-Rai said. "The decision has not yet been made, In its implementation ".

"This decision to allow the entry of Jordanian trucks into Iraq is empty and loaded and Iraqi trucks, and vice versa, contributes significantly to the cost of industrialists at least 300 dollars currently paid as a result of the distance and handling allowance that causes damage to goods and return to Jordan," he said.

Al-Samadi added that "the Jordanian and Iraqi sides agreed on this matter, but the implementation is still in place due to lack of follow-up by the concerned authorities in Jordan with the Iraqi side," adding that "this decision will restore the national industry and its competitiveness in the Iraqi market, That it helps to achieve rates of growth in production capacity and doubled after years of disruption due to the political and security conditions in Iraq brotherly.

"The Iraqi market is considered one of the most important export markets for the national industry. The second is after the United States, which requires all parties to follow and continue to break the obstacles that lead to the return of life to normal, especially in the export side between the two countries, Trade between the two countries and the activation of land transport lines, which is the only artery that connects Jordan in Iraq. "

Al-Smadi said that the reduction of costs through the decision in case of application reflected positively on increasing the competition of the Jordanian product within the Iraqi market, except that the decision guarantees the highest level of safety of the goods being transferred from the factory land to the trader directly.

The Chamber of Industry and Trade and the Iraqi Embassy in Jordan through the Ministry of Foreign Affairs to activate this agreement for its importance to the national industry, especially that Iraq is one of the most important export markets of Jordan.

Al-Husami said that "there are promises from all parties to activate this decision in the near future, noting that the industrialists are building great hopes on this decision in addition to the decision to exempt Jordanian goods from customs duties to return to the Iraqi market as strongly as before the occurrence of security events on the border between The two countries, "noting that" the exchange arena was a significant obstacle to increase and revive trade exchange between the two countries as they damage the goods and bear the exporters additional financial burdens. "

"The rapid implementation of the resolution is a very important step that will push national exports to a higher level, especially as Jordanian goods are still very popular in the Iraqi market," he said.

The head of the National Alliance, Ammar al-Hakim, told the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah that the Iraqis are serious in forming a service government able to overcome the crises."Al-Hakim met at the outset of his visit to Kuwait with the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and discussed with him the bilateral relations between the two brotherly countries and ways to develop them as well as political developments in the region and the world, And ways to reduce congestion and escalation. " "Iraq today is different from any stage in which the military, political and social victories and its success in its adherence to the democratic path through the holding of the last parliamentary elections in the country," Hakim said. He also stressed that "Iraqis are serious about forming a government of service capable of overcoming crises, without antagonizing any party and building the best relations with the countries of the world and the region and the neighborhood on the basis of common interests." "Iraq is a strong independent and stable necessity for the security and stability of the region." "The region is experiencing a situation of escalation in positions that do not serve any side," al-Hakim said, calling on all to "shoulder their responsibilities in averting the possible dangers of this escalation and working to bring together the regional parties at the table of a joint dialogue."

The Presidency of the House of Representatives decided on Wednesday to hold an extraordinary session on Thursday.

The Information Service of the Council in a statement received / Mawazine News / a copy, "The Presidency of the Council of Representatives decided to hold an extraordinary session on Thursday, 24/5/2018 at 4 pm."

The department added that "the decision was based on the request made by a number of deputies, which are focused on the transparency and integrity of the electoral work."

On Saturday 19 May 2018, the Chamber of Deputies held a deliberative session to discuss the election results

The Rafidain Bank on Wednesday set the deadline for granting loans to citizens and employees to buy modern cars by installments.

"The period of repayment of car loans is up to five years, including a three-month grace period," the bank's information office said in a statement received by Mawazine News.

He added that "the type of loan granted for the purchase of cars was determined by installments from the branches of the bank deployed in Baghdad and the provinces," noting that "the citizen and employee can see the conditions to buy the car by going to branches of the bank."

The general index of the Iraqi Stock Exchange closed Tuesday, up 0.24%, at 602.43 points, winning 1.43 points, compared to Monday's closing level. Followed by the modern sewing sector (3.64%), Investment Bank (2.44%) and Islamic Bank (2.27%). On the other hand, 9 shares declined, led by Light for Financial Transfer by 20%, followed by Babil Bank (4.35%), Elaf Bank (4.17%) and Asil Cell (2.91%). The volume of trading today fell to 583.53 million shares, compared to 6.57 billion shares in the previous session, and the value of trading to 416.29 million dinars, compared to 6.6 billion dinars in the previous session. The shares of Bank of Baghdad trading volume and value, through the circulation of 325.85 million shares, the value of 156.41 million dinars. The end of 29/6 n

The Central Bank approved on 21/5/2018 the auction of ICD110 for the sale of Islamic certificates of deposit for a period of 14 days and the amount of JD ( 50 ) billion (JD 50 billion) and certificates were sold at (10,300 ) million dinars at a uniform rate and the highest rate of return ( 0.70% , And the number of participants ( 2 ) bank has won the amounts provided.

Baghdad / .. The Legal Committee in the House of Representatives, Tuesday, that the new parliament can hold its first session after the ratification of the Federal Court on the names of the winners of the elections, indicating that the meeting is convened at the invitation of the President of the Republic.

"The Constitution clarified that the Federal Court when the ratification of the winning names and within 15 days from the date of ratification must be an invitation from the President of the Republic to the new parliament to convene and be the Speaker of Parliament is the oldest member to complete Mechanisms of the Presidency of Parliament ".

Al-Saadoun added that "the House of Representatives at this stage or in the extraordinary session can not violate the law that was voted by the Council, which is electronic voting," explaining that "there are legal bodies, the judiciary formed under the system of the Commission of the Iraqi Court of Cassation can be challenged before the results The election".

He pointed out that "under the law, the results when it shows the right of any party to appeal before the Judicial Committee and then challenged before the Federal Court after the names of the Commission to the court and approval."

The Electoral Commission announced on Saturday (12 May 2018) the "success" of the voting process that took place in Iraq with a participation rate of 44.52, in the first elections in Iraq after the victory on the organization "Daash" and the fourth election since the fall of the former regime to choose a parliament New Iraqi.

The preliminary results of the elections in all of Iraq, according to the announcement of the Commission, issued a list of followers followed by the conquest alliance and then the victory coalition.

The Council of Ministers voted on Tuesday on the draft air transport agreement between the Republic of Iraq and the Government of the Republic of Tunisia, while also voting on the appointment instructions on the job grades resulting from the movement of the owners. "The cabinet held its regular session under the chairmanship of Prime Minister Haider al-Abadi," a statement issued by the Prime Minister's Office said. "The meeting discussed the problems in the parliamentary elections and adopted a set of directives and procedures to preserve the transparency of the process. Election ". The statement added that "the Council of Ministers voted to amend the decision of the Council of Ministers No. 71 of 2018 on granting allocations to the staff of the General Authority for Taxes," noting that "the Council voted to extend the validity of the Italian loan." He explained that "the Council also voted on the instructions of appointment on the grades resulting from the movement of owners," pointing to "the vote on the draft agreement on air transport between the Republic of Iraq and the Government of the Republic of Tunisia." The session witnessed, according to the statement, "the vote on the draft law of the accession of the Republic of Iraq to the International Convention on Rescue for the year 1989." The Council of Ministers voted on "the draft law of accession of the Republic of Iraq to the Convention on Safety and Health in Agriculture No. 184 of 2001," also voted on the contract of Mosul Dam to maintain the work and rehabilitation of the lower outlets of the dam contained in the investment plan. "The council voted to help the workers in the liberated areas, in addition to voting on financing the completion of the irrigation sapling project," the statement added, pointing out that "the meeting included a discussion of the containers in the northern port of Umm Qasr and a number of measures have been taken."

​(Baghdad: Al Furat News) The Ministry of Electricity renewed its commitment to citizens to increase the hours of processing satisfactorily early next week after completion of the lines of energy transfer and the entry of new generating units."A serious effort by the Ministry of Electricity to increase the capacity of the national electricity system to face the coming months of summer by adding new generating units to the service, where will add {1000} new megawatts from Basmaya investment station," the ministry said in a statement received by the agency {Euphrates News} (800) megawatts had a negative impact on the processing of citizens energy in the capital Baghdad and the provinces of the Middle Euphrates " . "The ministry confirms its commitments to citizens to complete the work in these two lines and restore the situation to what is at the beginning of next week, as well as the addition of energy {1000} megawatts of the national system, although the work coincided with high temperatures. He added that "the ministry is serious to add new energies to strengthen the system before the month of June, as it will enter the months of this summer with productive capacity is the highest compared to previous years to achieve satisfactory processing of citizens in the capital Baghdad and the provinces." SOURCE

Rafidain Bank announced the disbursement of the third installment of the predecessor of the retired and insured workers of three million dinars. "The third batch of retired and guaranteed workers' salaries of three million dinars has been disbursed to 159 retirees," the bank's information office said in a statement obtained by the economy news agency. He added that "the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which was filled the financial balance to it."

The head of the Committee on Economy and Investment parliamentary, Ahmed Kanani, Tuesday, the border ports can become a basic resource parallel to the oil resource, stressing that the organization of the law of ports contributes control and regulates its resources. Al-Kanani said in an interview with "Economy News" that "the border crossings are now a major resource for the Iraqi state and it has the potential to make it a basic resource parallel to oil." He pointed out that "the amendment of the law of ports, and make it an independent body to the Council of Ministers gave it strength and grace in dealing with all problems facing ports and solve them in a timely manner." "The committee sought to make the ports within the law and an independent body so that its work is flexible without complications and this is what we have observed during the past few months after becoming a body." The Kanani, that "there is a direct link with Iraqi ports as it is considered one of the large ports of the country and linking with the Authority will give it additional power and eliminate the routine and reduce corruption."

Baghdad Chamber of Commerce has announced that it has joined the regional organization for supporting business incubators, which is based in Tripoli and North Lebanon .

Baghdad Chamber of Commerce, Jafar al-Hamdani, signed a joint cooperation agreement with the Tripoli Chamber of Commerce represented by its chairman, Tawfiq Dabousi, in the presence of the Secretary General of the Federation of Iraqi Chambers of Commerce Abdullah Al-Bandar and Dr. Nader Ghazal Advisor to the Prime Minister for International Cooperation and Dr. Fawaz Hamdi, Director General of the Chamber's incubator . "

She added that "the signing of the agreement came during the visit, Hamdani, to Lebanon at the invitation of the President of the Chamber of Commerce and Industry of Tripoli ."

The statement quoted Hamdani as saying that "the agreement will contribute to increase the interest of the activities carried out by the Tripoli Chamber and North Lebanon and the possibility of transmission and copies of their experiences and applied to the reality of Iraqi society ."

He pointed out that "the ongoing research mechanisms that promote trade between Iraq and Lebanon in general and between Tripoli and Baghdad in particular, as well as to discuss ways to enhance the opportunities for strategic partnership between the public and private sectors ."

In turn, Toufic Daboussi emphasized the readiness of the Tripoli and North Lebanon Chambers to put all their strategic projects and technical capabilities in the service of the Arab chambers in general and the Iraqi in particular .

Daboussi expressed his full readiness to work on finding common rules to build the pillars to help put the contents of the memorandum of cooperation into effect, especially the Iraqi Center for Business Incubators has benefited from the experience and experiences of the Tripoli Chamber of Commerce in establishing and supporting small and medium enterprises .

BAGHDAD (Reuters) - The cabinet on Monday approved the draft law on Iraq's accession to the Asian Investment Bank (AIB) agreement.

The Secretariat said in a statement received by "Economy News" a copy of it, "The Council of Ministers approved the draft law on Iraq's accession to the agreement of the Asian Investment Bank for Infrastructure, which came into force on 15/12/2015."

"The council decided to refer the bill to the parliament, based on the provisions of Articles 16 (I and 80 / II) of the Constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure, after completion of the legal procedures stipulated in the Treaty No. 35) for the year 2015 ".

The statement said that "the Council granted in its resolution above a subsequent leave for the signing of the Undersecretary of the Ministry of Finance, a request that includes Iraq's desire to join as an observer of the Asian Investment Bank for infrastructure based on the provisions of Article (6) of the law of treaties.SOURCE

Kuwaiti investor Abdul Aziz al-Babtain looks forward to planting 100,000 palms of date palms and building a natural reserve for ostriches and deer in lands that were a battlefield of the Gulf War in 1991 and deep into the desert in southern Iraq.

Few Kuwaiti companies have resumed business in Iraq since Saddam Hussein invaded his neighbor in 1990 and then liberated Kuwait a year later.

The businessman, Babtain, is pumping $ 58 million into a date farm project in the southern Badia, about 150 km from the port of Basra, officials said.

"He hopes to grow 100,000 palm trees in the next five to six years," Reuters quoted Zia al-Shuraideh, al-Babtain's deputy in Iraq, as saying, adding that "dates will be sold first in Iraq and exported at a later stage. Palm".

Iraq once produced three-quarters of the world's production of dates, but now produces only 5 percent after decades of conflict, although it is home to about 350 species of date palm.

A banner in Al-Babtain's office showed that the businessman started working on the farm in the 1980s, but Iraq confiscated it after the invasion of Kuwait in 1990 and turned it into a military zone because of its proximity to the Kuwaiti border and dug trenches for heavy weapons.

The area was bombed by air strikes in the framework of the liberation campaign of Kuwait, but the authorities did not clean the trenches, leaving gunshots and parts of rusty tank towers close to the farm.

In an attempt to start a new page, Iraq returned the farm to Babtain and granted tax exemptions.

The farm has created about 50 jobs in this devastated area, and will need about 500 workers when palm production begins. In a second step, Babtain plans to create a nature reserve to import ostriches and deer, according to Shreideh.

The Ministry of Oil announced today, Tuesday, the date of the final signing of a service contract and development of the field east of Baghdad, the southern part with a Chinese company, stressing the importance of production of crude oil from this field for the operation of power plants, constructions and industrial projects.

"The ministry will finalize the service contract on Wednesday to develop a field east of Baghdad - the southern part with the Chinese company Genghua Oil," ministry spokesman Assem Jihad said in a statement received by the Journal News.

Jihad added that "the Ministry of Oil aims through this contract, which was approved by the Council of Ministers recently to develop the field and access to production to 40 thousand barrels within five years," adding that "the Chinese company will also build an oil city housing residential units and service facilities integrated" .

"The contract obligates the contracting company to rely on the national labor force by a large percentage," he said. "The importance of producing crude oil from the field is for the supply of crude oil and gas associated with power plants, industrial facilities and other projects."

The Ministry of Oil announces from time to time signing contracts with large international oil companies to develop Iraqi oil fields and increase production.

Rafidain Bank announced on Tuesday the disbursement of the third installment of the salaries of retired and secured workers of three million dinars and about 159 retirees.

The bank's information office said in a statement that "the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through the electronic payment tools,